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a radical and risky plan that was not properly stress tested before it was announced the public of city employees, vendors, the entire investment community. it has two elements. number one, he, like mr. lambert , have some disdain for the promotional and sale orientation of big box retailer like department stores. the fact is, those strategies can work, and i . to macy's into coals as examples of two chains that do a very effective and very profitable job using the strategies. the problem is not in the strategy but in the execution of the strategy. what he has now gone, as we have seen from the-20% results, he has left his customers behind. with the get them back? i just don't know. liz: j.c. penney down 8% year-over-year. there are companies that you think are doing it right, and you have been the chief financial officer years ago. you no luxury. you're picking three luxury names. [laughter] >> yes. at some great personal risk, yes. liz: that at all. people want to hear from insiders who have been in the business. >> i will say up front, not going to name any of the two companies that
a radical and risky plan that was not properly stress tested before it was announced the public of city employees, vendors, the entire investment community. it has two elements. number one, he, like mr. lambert , have some disdain for the promotional and sale orientation of big box retailer like department stores. the fact is, those strategies can work, and i . to macy's into coals as examples of two chains that do a very effective and very profitable job using the strategies. the problem is...
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the hotel in new york city is a dog only hotel featuring big screen televisions. the dogs have their own spot and fitness center and personal chef. price starts at $70 a night for a standard room. if you and this week you have to shell out 200 bones. that is your fox news minute. what do you think? tracy: there are dog lovers who would do it. especially in new york. [talking over each other] tracy: i let my kids sleep outside. american airlines ground in eight of its jets after passenger seats came loose mid flight and two planes. stuart varney of "varney and company" on the fox business network joins us now. american is the ninth it but people are saying these union guys might have tinkered with the man made them loose on purpose. fhfa sabotage is a possibility. stuart: there's also the pilots are deliberately calling in sick frequently and calling in maintenance calls where they are not necessary but within the manual. what you have got is hundreds of canceled, thousands of delayed flights and a lot of people who do not wish to fly on american airlines. i honest
the hotel in new york city is a dog only hotel featuring big screen televisions. the dogs have their own spot and fitness center and personal chef. price starts at $70 a night for a standard room. if you and this week you have to shell out 200 bones. that is your fox news minute. what do you think? tracy: there are dog lovers who would do it. especially in new york. [talking over each other] tracy: i let my kids sleep outside. american airlines ground in eight of its jets after passenger seats...
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for example, cities and states, higher borrowing costs because cities and states are involved in complex arrangements if you manipulate the rate down it still hurts them. did he ever think about that? did he think about the consequences? that is all mapped out in the letter. this letter is appearing on fox business network.com we should point out one of the fascinating things in this letter he is essentially calling for tim geithner, treasury secretary, only has a few months, says he will leave in president obama wins again, calling for him to create a new interest rate, an american-based interest rate, possibly to replace libor since libor now doesn't have a lot of credibility. why didn't it have a lot of credibility? because it was manipulated. how was it manipulated? libor is not set by some computer. i always thought it was. a bunch of banks send in what they say libor should be and they do a average of those things. it is so easily manipulated as you so. melissa: apparently. now we know. >> should pay zero for our borrowing costs. essentially what was happening during the financial
for example, cities and states, higher borrowing costs because cities and states are involved in complex arrangements if you manipulate the rate down it still hurts them. did he ever think about that? did he think about the consequences? that is all mapped out in the letter. this letter is appearing on fox business network.com we should point out one of the fascinating things in this letter he is essentially calling for tim geithner, treasury secretary, only has a few months, says he will leave...
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david einhorn making news today in new york city. kate kelly is following that. >> he went through four big ideas, some of which was the short bed on green mountain coffee roasters. he said they're playing out like he expected there and some developments happen faster than he expected. he essentially thinks there's a high likelihood of improper accounting here, but at a minimum waistfsteful spending. his most surprising call, and i talked to him for a little bit after the presentation and he agreed this may have been the most counterintuitive was his long bet on cigna. he said hmos are undervalued right now. people are afraid of them because of obama care, among other things, so they don't want to talk about them. the whole group is trading at a discount. if you actually go through it, cigna is just -- i'm laughing because he just walked by me on the street actually. anyway, cigna is actually better positioned than other stocks. the he cexposure to obama care small so it's well-positioned. i asked him about lulu lemon. he said, liste
david einhorn making news today in new york city. kate kelly is following that. >> he went through four big ideas, some of which was the short bed on green mountain coffee roasters. he said they're playing out like he expected there and some developments happen faster than he expected. he essentially thinks there's a high likelihood of improper accounting here, but at a minimum waistfsteful spending. his most surprising call, and i talked to him for a little bit after the presentation and...
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this will hit citi bang k at all. we think not because of what we've done to mitigate the issues substantially. >> jpmorgan wound up owns bear stearns at the behest of the feds in 2008 says it plans to contest the case and is disappointed in the attorney general. judge is eric going after conduct in a firm essentially dead? we will ask him first on cnbc on power lunch at 1:00 p.m. eastern time. carl, back to you. >> that is a key question, scott. reading that complaint, if people haven't already, bringing bam colorful language from days we'd rather forget. we look forward to a lot more today. scott, thanks so much. our capital markets, and we have gary cominski to post-9 once again. >> good thing we have an op ed logo today. you pick up the papers today, "wall street journal," "new york times," you have the headlines about this. the headlines should read the following. after four years of investigations, taxpayer money spent on investigations on top of investigations, this was the best they could get? i mean, carl, my
this will hit citi bang k at all. we think not because of what we've done to mitigate the issues substantially. >> jpmorgan wound up owns bear stearns at the behest of the feds in 2008 says it plans to contest the case and is disappointed in the attorney general. judge is eric going after conduct in a firm essentially dead? we will ask him first on cnbc on power lunch at 1:00 p.m. eastern time. carl, back to you. >> that is a key question, scott. reading that complaint, if people...